While the housing market remains in flux throughout the nation, New Jersey remains both an attractive and competitive real estate market. Nevertheless, New Jersey is experiencing a challenging real estate market in which guidance is important to navigate the intense competitiveness for the purchase of properties. Specifically, New Jersey has seen an influx of neighboring residents seeking home purchases in the State of New Jersey coupled with many sellers deciding against moving causing a shortage of inventory. \As the market remains difficult and competitive to navigate, the need for the early guidance of an attorney cannot be overstated. Ultimately, the real estate market never fully stops because – in truth – you will always find buyers that want or need to buy, and sellers that want or need to sell. As such, this article provides insight into the current trends impacting New Jersey’s buyers and sellers.
Enhancing Transparency: The New Jersey Real Estate Consumer Protection Enhancement Act
In July 2024, Governor Phil Murphy signed into law the New Jersey Real Estate Consumer Protection Enhancement Act, a significant step towards increasing transparency and consumer protection in real estate transactions. This law became effective on August 1, 2024. ...